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Monday, 30 June 2014

Of all the threats India has internally and externally what forms a great menace to the country is its population growing at an alarming pace. All endeavours made on the front of economy, development and general growth get diluted in the fast flowing stream of population. Those in mid thirties of the last century talk that population of India during their time was 35 crores as against where it stands now at 125 crores, nearly four times more in about 8 decades. Availability of essential commodities have a direct relation with soaring prices and any imbalance on that count results into an economic disorder. Such commodities being more in demand with every growth in population coupled with a condition that supply is not adequate enough to meet the needs of the abnormally increased population. Next to China India is the most populous country of the world and globally it is the largest democracy with this much of population. Essentially, the need for India is to lay more emphasis with a concerted approach in devising the means to curb the population growth than other economy based developmental plans. This is much more in the interest of the country to attach a topmost priority to the population menace.

Saturday, 28 June 2014

Indian share market closed at the end of its last week at Sensex 25,099.92 and Nifty 7,508.80 respectively registering plus factor at 0.15% and 0.21%, nothing like an encouraging performance. Overall the market ran on a drudgery note with element of volatility hovering all around and both bulls and bears looked to be in a posture of compromise. Market remained uncertain throughout the session. Experts opine that no investment is advisable in such a limping stage of the market, an advice not necessarily to be followed by the investors. In fact what is desirable is to go by the performance of the individual shares and not the market as a whole in its totality. Studying each share in its total depth with more emphasis on its performance in the past has to be the primary basis with the company’s balance sheet being treated as a primary factor without any chasing of the yellow scripts. Soaring prices aside, an investor has to keep an eye on developmental plans envisaged by the government with an amount of seriousness. These are some of the factors worth being adhered to by the investors; if yes, it is high time to go ahead with an investment to the extent one can afford.

Thursday, 26 June 2014

There are country wide protests against proposed increase in passenger fare by the Indian Railways. Some relaxation granted, though quite meagre, by the authorities failed to satisfy the protesters. Soaring prices which the government is unable to control are already a great menace to the economy and obviously the increase in railway fare is a major factor to contribute to it adversely in a gigantic order. Possibly the present government is as helpless on this front as their predecessor, the UPA. True, no developing economy can afford a check on soaring prices or cease enhancing railway fare but why the hell those running the government now were boasting so much on a drum beat before elections to control them. People of the country can well be supposed to bear an additional burden taxing their means of income for the sake of developmental programmes but such a capacity of theirs has a limit beyond which they can’t afford to go. In the circumstances the current incumbency in the government led by BJP may essentially have to think twice before embarking on imposing one tax after the other falling heavy on the means of the common people of the country.

Tuesday, 24 June 2014

As per latest directions from the top all the government offices in the country are to monitor their work using e-office for the purpose which tool not only saves massive use of paper but is environment friendly too. These are the latest directives as from tech-savvy Narendra Modi, the Prime Minister of India. The device not only takes care of an effective functionality but is capable enough too to ensure the element of transparency, a peremptorily requisite need of the day for country like India. Not sure whether this tool puts a break on bribe, a practice so widely rampant in all the government offices but the chances are that it may put a considerable curb on the evil. The e-office pattern of working also ensures an expeditious disposal of the issues required to be addressed on urgency footing without getting side-lined through the red taped files notoriously known as always prone to unwanted sort of procrastination. The initiative so taken in such a positive direction is in the interest of the people of the country and deserves laurels.

Sunday, 22 June 2014

Pages on a blog are much different compared to blog posts –they are more of a consolidated expression quite independent of the post(s) on a blog. Normally ignored by the readers as some trivial scribbling on the top of each post they are hardly paid any attention and there lies the plight of the author. My Pages on this blog contain varied expressions on different topics inclusive of my poems both in English and Hindi/Urdu. Overall they do have better response as from the readers as per the relative statistics of the blog, they in fact warrant more of an attention and that is possible only when my valued readers don’t ignore them as something just extraneous on the top of a post. May be my poems in a language other than English don’t interest the readers beyond India but for that purpose they can better use the translation facility readily available on any computer and they can make use of it. Their reaction after all is of utmost importance to me.

Friday, 20 June 2014

Volatility is always a worse type of drudgery in any share market and is cumbersomely boring with distaste. Erupt as it does as a result of neck to neck fight between the bull and the bear it causes more of fatigue with stagnation to the traders coupled with bouts of pluses and minuses with quick but lasting intermissions to a point of an extreme drudgery. It hardly matters whether they fight face to face or back to back as result in both the positions is the same. Extremes in the share market need not be confused with volatility as they are just quite different –in fact extremes of pluses and minuses provide better scope of business to the traders and that stage is a hay hour for them to cash the gaps as against volatility that stagnates the transactions. This phenomenon was more visible in the market for the last few days with unpredictable fluctuations at a slow pace both upward and downward.*

*This write-up meets the queries on volatility raised by some of the readers.

Wednesday, 18 June 2014

Just so peculiar, a boy friend for several years molesting his love as if he was doing something else all this time. Preity Zinta, a famous cine star from Bollywood has lodged an FIR with the local police at Mumbai that there was an attempt of molestation made against her by her ex boy friend and an industrialist Ness Wadia. A bid to molest the other side is normally a prologue to developing physical relations and in the instant case that stage was crossed long back between the two. May be the law doesn’t permit molestation as a sequal to forcible sex even in the case of divorcees but in the matters of love affairs the situation is to be read slightly in a different context of the mutual understanding the couple had continuously for several years where physical union was not at all taken as a forbidden fruit. Possibly the whole episode is the type of much ado about nothing.

Monday, 16 June 2014

Financial budget of Indian Union is due shortly and there are predictions as from experts in the field that it is going to be a hard one. Hard one because any developing economy can hardly afford a soft sort of budget. What is to be seen more closely is the extent to which it is hard. It was hardly ever in the past that didn’t hit hard the pocket of the tax payers –some Finance Ministers did it moderately and some like P. Chidambaram did it harshly with a deep prejudice against the tax payers. Need is one thing but getting personally biased or prejudiced against certain selected segments of the people is another. Chidambaram, the predecessor of the present incumbent Arun Jaitly, had a sort of sadistic pleasure in hitting the tax payers the hardest with actual need apart. Tax payers are normally prone to reconciling with need based taxes directly related to developmental plans but they find it unbearable if it is done with a prejudice unmindful of the tax payers plights. People of India including industrialists are holding their breaths watching as to what is there in store for them and such a suspense has to continue till such time the budget is out and declared on the floor of the Parliament. Let us wait and watch.

Saturday, 14 June 2014

Most usual a characteristic of share market as it is it is moving hot and cold with spurs of volatility in between followed and preceded by extremes. Yesterday the market closed at 348.04 Sensex and 107.80 Nifty. Going by what the experts are opining, the market is likely to perform on a positive note on Monday the 16th June. Scarce monsoon as predicted by weather specialists this year is supposed to act as a deterrent but keeping in view the overall performance of agriculture sector they are still optimistic about irrigation oriented shares and are recommending buying shares like JISLJALEQS for a better yield. The serious note exhibited by the Government of India on inadequate rains is a great source of optimism for the investors. Every thing, however, in the context of the stock market is to be viewed on a minute to minute basis in conjunction with the factor that fluctuations at no stage can be ruled out.

Thursday, 12 June 2014

Poverty is a curse and it has to be removed at all cost, poverty is an evil and no society is worth its existence if it allows such an evil to perpetuate. Thanks to India’s new Prime Minister Narendra Modi who is all out in taking cudgels against poverty with a resolve to eradicate it giving the issue a top priority in his agenda. But the problem hardly calls for an innocent handling as there is no dearth of toughies grabbing the relief in the garb of poor ones which all of them are not. One scheme for unemployed poor labour operating mainly in rural areas in the country called MGNREGA (MNREGA) is a sheer abuse and hardly any body works. Every thing from beginning till end is fictitious and there are middlemen involved in the chain at every level. The amount paid for the purpose never reaches the payees in full as it is shared with middlemen. The labourers in turn do not work at all, they mark their attendance and disappear with whatever amount is paid to them. If there is no work what is there of national interest in the scheme and the entire amount can rather be distributed among the poor as a charity. Only poor and not the hypocrites deserve any payment as a measure of some relief work. Why reward toughies for no work? Those who can work must work; those who are genuinely handicapped and are incapable of doing any work can better be paid an ex-gratia but in no case there should be perpetration of a loot on public exchequer allowed in the garb of a fake identity.

Tuesday, 10 June 2014

The present government under the dynamic leadership of the Prime Minister Narendra Modi is all set to have a curb on soaring prices, an area of sharp criticism every where and a major component which did cast UPA their government. The very message as from the present governmental quarters that efforts are in the offing to secure some breather is heartening and received well at the level of the people in general. There are doubts, however, if the endeavours made in this direction may really elicit some tangible relief as these are two deeply inter related areas –soaring prices and developing economy. Any healthy development is all supposed to equip the people with jobs, business and multiple avenues for prosperity which factors in turn are likely to enhance the purchasing power of the consumers and this is bound to result into a steep rise in prices of essential commodities based on the well accepted theory of supply and demand. Any developing economy supplies more money to the people enabling them to resort to more buying and more the buying more are the chances of the prices shooting up. If Modi Government is able to maintain the growth in the meantime keeping a check on price rise it settles at a miracle only.

Sunday, 8 June 2014

Weather specialists feel they are duty bound to come out with their predictions on weather irrespective of the concern whether they are really accurate or theirs is just a cursory guess like a villager in the rural areas does. Last month theirs was a prediction that monsoon would enter North India by 4th June, it didn’t happen. They are now coming out with two conflicting forecasts –monsoon has registered its entry in Kerala and is likely to reach northern belt of the country by the last week of the current month simultaneously maintaining that the rainfall in the region may occur within next few days from now. These are the forecasts by the experts in Chandra Shekhar Azad Agricultural University, Kanpur (India), who virtually continue showering their predictions duty bound with short gaps in between but, as I am watching for the last one decade, it is hardly ever that theirs proves to be the correct version. May be the scenario like this doesn’t operate in other parts of the world. The whole country is reeling under the most scorchingly hot conditions and people wait for necessary predictions with impatience every minute where each announcement matters much. Possibly the guess on weather conditions by the farmers in rural areas is more accurate than what the experts with high academic background do.